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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.36

-0.5%

Jan 14 4:00 PM EST

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To: Clint E. who wrote (20329)	3/22/1999 8:05:00 PM
From: Tiley	Read Replies (2) of 69771

Hi Clint, Regarding corrections and leading groups, Biotechs are still going strong - take a look at AMGN, BGEN and IMNX. I would suspect net stocks will mainly tread water till earnings. I do expect a big whack in the group especially as a lot of people have started talking of taking long term positions in these stocks at any cost. I'm happy to trade them and perhaps I've lost some incredible profits but hopefully also avoided a lot of grief. The semis as a group are not doing too bad yet. Talking of semis - why was MU so strong today? Later, - MJ

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